CLIENT MINING: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CLIENT MINING
Largest movements
- Receivables within one year +€83,699
up €83,699 (+23.6%), from €354,328 to €438,028
of which Trade receivables: +€52,012
- Current investments +€7,445
up €7,445 (+14.5%), from €51,286 to €58,731
- Reserves +€59,042
up €59,042 (+17.6%), from €335,414 to €394,457
of which Distributable reserves: +€59,042
- Accrued charges and deferred income +€58,987
up €58,987 (+46.6%), from €126,670 to €185,657
- Trade debts -€26,892
down €26,892 (-19.3%), from €139,509 to €112,617
- Gross operating margin +€39,102
up €39,102 (+271.3%), from €14,411 to €53,512
- Financial income +€5,076
up €5,076 (+37.7%), from €13,473 to €18,549
- Taxes +€3,881
up €3,881 (+163.5%), from €2,374 to €6,255
- Depreciation +€1,072
up €1,072 (+149.6%), from €716 to €1,788
- Other operating charges +€654
up €654 (+26.4%), from €2,477 to €3,131
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,249 | €722,642 | +€86,392 | +13.6% |
| Fixed assets | 21/28 | €4,866 | €3,078 | -€1,788 | -36.7% |
| Tangible fixed assets | 22/27 | €4,866 | €3,078 | -€1,788 | -36.7% |
| Furniture and vehicles | 24 | €4,866 | €3,078 | -€1,788 | -36.7% |
| Current assets | 29/58 | €631,383 | €719,563 | +€88,180 | +14.0% |
| Amounts receivable within one year | 40/41 | €354,328 | €438,028 | +€83,699 | +23.6% |
| Trade receivables | 40 | €22,325 | €74,337 | +€52,012 | +233.0% |
| Other amounts receivable | 41 | €332,004 | €363,691 | +€31,687 | +9.5% |
| Current investments | 50/53 | €51,286 | €58,731 | +€7,445 | +14.5% |
| Cash at bank and in hand | 54/58 | €225,769 | €222,804 | -€2,964 | -1.3% |
| Total equity and liabilities | 10/49 | €636,249 | €722,642 | +€86,392 | +13.6% |
| Equity | 10/15 | €352,861 | €411,903 | +€59,042 | +16.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €335,414 | €394,457 | +€59,042 | +17.6% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €333,614 | €392,657 | +€59,042 | +17.7% |
| Profit (loss) carried forward | 14 | €8,447 | €8,447 | = | 0.0% |
| Amounts payable | 17/49 | €283,388 | €310,738 | +€27,350 | +9.7% |
| Amounts payable within one year | 42/48 | €156,718 | €125,081 | -€31,637 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €9,529 | €3,461 | -€6,068 | -63.7% |
| Trade debts | 44 | €139,509 | €112,617 | -€26,892 | -19.3% |
| Suppliers | 440/4 | €139,509 | €112,617 | -€26,892 | -19.3% |
| Taxes, remuneration and social security | 45 | €7,681 | €9,003 | +€1,322 | +17.2% |
| Taxes | 450/3 | €7,681 | €9,003 | +€1,322 | +17.2% |
| Accrued charges and deferred income | 492/3 | €126,670 | €185,657 | +€58,987 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €1,788 | +€1,072 | +149.6% |
| Other operating charges | 640/8 | €2,477 | €3,131 | +€654 | +26.4% |
| Gross operating margin | 9900 | €14,411 | €53,512 | +€39,102 | +271.3% |
| Operating profit (loss) | 9901 | €11,218 | €48,594 | +€37,376 | +333.2% |
| Financial income | 75/76B | €13,473 | €18,549 | +€5,076 | +37.7% |
| Recurring financial income | 75 | €13,473 | €18,549 | +€5,076 | +37.7% |
| Financial charges | 65/66B | €1,852 | €1,845 | -€6 | -0.3% |
| Recurring financial charges | 65 | €1,852 | €1,845 | -€6 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €22,839 | €65,297 | +€42,458 | +185.9% |
| Income taxes | 67/77 | €2,374 | €6,255 | +€3,881 | +163.5% |
| Profit (loss) for the period | 9904 | €20,465 | €59,042 | +€38,577 | +188.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,465 | €59,042 | +€38,577 | +188.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.